Pulmuone looks to enter US plant-based convenience food market

Pulmuone, a leading South Korean producer of plant-based foods such as tofu and bean sprouts, is trying to expand the K-food territory in the global...

Hyundai E&C consortium breaks ground on $7 bn S-Oil Shaheen project

A South Korean consortium led by Hyundai Engineering & Construction Co. has embarked on building 9.26 trillion won ($7 billion) petrochemical fa...

System on chips: Samsung’s new high-stakes foundry business

Samsung Electronics Co. is setting its sights on system on chips (SoCs) to continue to drive growth in its foundry business amid a protracted slowdo...

S.Korea's builders diversify biz portfolios to waste battery, other sectors

South Korea's construction companies are exploring other sectors to find new growth engines amid deteriorating profitability in the housing industry...

Concerned about CHIPS Act, Korea says US investment less attractive

South Korea on Monday expressed concerns about the guidelines of the US Chips and Science Act, saying that some of the conditions the US government ...

S.Korea's Taekwang Industrial acquires ISO 45001 certification

Taekwang Industrial Co., a textile and petrochemical subsidiary of Taekwang Group, announced on Sunday that it has achieved ISO 45001 certification ...

Samsung’s DRAM market share rises amid industrywide revenue drop

Samsung Electronics Co., the world’s largest memory chipmaker, saw its DRAM market share rise in the fourth quarter of last year despite a sig...

Plant, machinery maker Doosan seeks future from chips, robots

BARCELONA -- South Korea’s plant and machinery powerhouse Doosan Group is seeking its future growth engines from the semiconductor and robot s...

Lotte to produce clean ammonia in US with CF Industries

Lotte Chemical Corp., a major South Korean petrochemical manufacturer, joined hands with CF Industries Holdings Inc., the world’s largest ammo...

Samsung, SK Hynix face cap on tech level of chips made in China

WASHINGTON D.C. – Samsung Electronics Co. and SK Hynix Inc., the world’s two largest memory chipmakers, might be unable to manufacture a...

Dongwon solo bidder for Boryung Biopharma estimated at $385 mn

South Korea’s leading seafood and logistics conglomerate Dongwon Group is seeking to buy local biopharmaceutical company Boryung Biopharma Co....

Hanwha Aerospace secures tech to catch illegal drones using nets

South Korea's Hanwha Aerospace Co. has secured technology to respond to threats from unmanned aerial vehicles such as drones.The company seeks the a...

S.Korea to spur defense sector tech with $1.5 bn R&D investment

South Korea plans to accelerate growth in the defense industry, a future growth engine of Asia’s fourth-largest economy, by investing more tha...

POSCO ICT to be rebranded as POSCO DX for digital transformation

POSCO ICT Co., the IT services subsidiary of South Korean steelmaker POSCO Holdings Inc., announced on Sunday that it will rebrand itself as POSCO D...

Chip designers in high demand despite industry slowdown

The semiconductor industry is reeling from a chip supply glut amid a broader global economic slowdown. However, as the saying goes, every cloud has ...

S.Korea's battery industry looks for staff fluent in European languages

South Korea's battery companies are seeking human resources fluent in the languages and familiar with the cultures of countries where plants are loc...

Vietnam’s rise: An ominous sign for Korean chipmakers

Just a few years back, it was Taiwan that was on everyone’s lips in the semiconductor industry.The small East Asian island country, home to th...

S.Korea's extended reality sector forms industry convergence alliance

The Korea Display Industry Association (KDIA) on Wednesday signed a memorandum of understanding (MOU) on a convergence alliance of the domestic exte...

S.Korea's Kyung Dong Navien expands its business in Central Asia

South Korea's heating systems manufacturer Kyung Dong Navien Co. held a conference for 100 local dealers in Tashkent, Uzbekistan, on Feb. 10.The con...

Shinhan Financial returns to top in Korea with record NP in 2022

Shinhan Financial Group Co. reported a record-high net profit of 4.6 trillion won ($3.6 billion) last year, snatching back the crown of South Korea&...

Hanwha Aerospace joins Romania's defense modernization efforts

South Korean aircraft engine maker and defense utility company Hanwha Aerospace Co. has signed on Monday a memorandum of understanding (MOU) with Ro...

South Korean companies rattled by activist shareholders

South Korea’s major companies are under attack by activist shareholders, who are exerting ever-increasing clout over critical corporate decisi...

Dongwon Industries in talks to buy McDonald’s Korea as exclusive suitor

Dongwon Industries Co. will discuss a deal with McDonald’s Corp. to buy the latter’s Korean operations in hopes of riding on the renewed...

Industrial Bank of Korea goes all in with Eastern Europe push

Industrial Bank of Korea (IBK) will open an office in Poland in the first half of this year, with analysts saying the bank's president Kim Seong-tae...

Korea Shipbuilding & Offshore Engineering ends fears over stock overhang

Korea Shipbuilding & Offshore Engineering (KSOE), a subholding company for shipbuilding, oil refining and machinery conglomerate HD Hyundai Co. ...

Meritz Securities poised to become Korea’s No. 1 for first time

Meritz Securities Co., once a mid-tier securities firm in South Korea, is expected to command the local market as No. 1 after earning more than 1 tr...

SK Ecoplant passes industry-first carbon reduction target verification

South Korea's construction and engineering company SK Ecoplant Co. said on Thursday that it has passed the greenhouse gas reduction target verificat...

S.Korea's online K Bank withdraws plan for Kospi listing

South Korea's K Bank has withdrawn its highly anticipated plan to hold an IPO this year in the judgement of a lower corporate value due to the slugg...

Samsung Heavy Industries adopts integrated monitoring system

In a first for shipbuilding, South Korea's Samsung Heavy Industries has developed a system to confirm all data generated in the process of shipbuild...

Samsung vows no chip output cut, eyes second-half demand recovery

Samsung Electronics Co. said on Tuesday it has no plans to cut semiconductor production even if it incurs temporary losses as the world’s larg...